February 11, 2007
Heritage to buy Diablo Valley Bank for $70 million
“Diablo Valley Bank agreed to be acquired by Heritage Commerce Corp. for $70 million in cash and stock. About two-thirds of the purchase will be for stock and the balance in cash. The addition of Alamo-based Diablo Valley Bank, with offices in Danville and Pleasanton, will bring San Jose-based Heritage’s (NASDAQ: HTBK) assets to $1.3 billion.”
Filed under Banking and Financial Services, Mergers and Acquisitions by
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